Home Insurance Estimator for Sioux Falls, SD
Updated 2026 · Local data pre-filled
Home insurance rates vary widely within South Dakota, driven by weather risks, construction costs, and local claims history. The median home value in Sioux Falls is $310,000, and we've pre-filled that as your dwelling coverage starting point. Adjust for your home's actual replacement cost for the most accurate estimate.
✓ Calculator below is pre-filled with Sioux Falls local data
How Sioux Falls Compares to the National Average
Understanding how Sioux Falls stacks up helps you calibrate your financial planning.
| Metric | Sioux Falls, SD | US Average | Difference |
|---|---|---|---|
| Median Home Price | $310,000 | $420,800 | -26.3% |
| Median Monthly Rent | $865 | $1,713 | -49.5% |
| Median Household Income | $64,200 | $74,580 | -13.9% |
| Property Tax Rate | 1.20% | 1.10% | +9.1% |
| Cost of Living Index | 91 | 100 | -9.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Sioux Falls Financial Snapshot
- Population (Metro)
- 275,000
- Unemployment
- 2.2%
- Avg Commute
- 18 min
- Median Age
- 32.4
- Price-to-Rent Ratio
- 29.9x
- Annual Property Tax
- $3,720
Frequently Asked Questions — Sioux Falls
What is the median home price in Sioux Falls, SD?
The median home price in Sioux Falls is $310,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Sioux Falls?
Median monthly rent in Sioux Falls is $865. That works out to $10,380/year, or 16% of the median household income — within the commonly recommended 30% of income guideline.
Is Sioux Falls affordable?
Sioux Falls's cost of living index is 91 vs. the national average of 100. With a median household income of $64,200/year and a median home price of $310,000, the price-to-income ratio is 4.8x. Sioux Falls falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Sioux Falls?
The effective property tax rate in Sioux Falls is 1.20% of assessed value. On the median home of $310,000, that's roughly $3,720/year ($310/month).